Texas set a new record for luxury home sales in 2025, with more homes selling for $1 million or more than at any point in state history, according to a new report from Texas Realtors.
Between November 2024 and October 2025, a total of 14,418 Texas homes sold for at least $1 million, representing a 12% year-over-year increase and generating $24.5 billion in total sales volume, the highest ever recorded for this segment of the market.
The DX Brief
- 14,418 Texas homes sold for $1 million or more from Nov. 2024 to Oct. 2025, up 12% from the prior year
- These luxury sales generated $24.5 billion, accounting for 17.2% of all residential sales volume statewide
- Million-dollar homes represented 4.3% of all Texas home sales, up slightly from 4% the previous year
- Nearly 90% of luxury home sales occurred in Texas’ four largest metro areas
- Dallas-Fort Worth led the state, accounting for 38% of all million-dollar home sales
DFW Dominates Texas Luxury Market
The Dallas–Fort Worth–Arlington metroplex led all Texas regions in both volume and total sales value. The region recorded 5,485 million-dollar home sales, up 10% from the previous year, totaling nearly $9.7 billion in sales.
The median closing price for million-dollar homes in DFW rose 4.3% year over year to $1,421,560, while the average time on market increased to 61 days, reflecting a slower but still highly active luxury segment.
DFW also saw the largest number of new luxury listings statewide, with 10,878 homes entering the $1 million-plus market during the reporting period.
Other Major Texas Metros
- Houston–Pasadena–The Woodlands recorded 3,948 million-dollar sales, an 18% increase, totaling $6.8 billion
- Austin–Round Rock–San Marcos saw 2,714 sales, generating $4.6 billion, with luxury homes making up 26.3% of the metro’s total residential sales volume
- San Antonio–New Braunfels recorded 736 luxury sales, totaling $1.1 billion, though homes there stayed on the market the longest, averaging 99 days
The rest of Texas accounted for 11% of all million-dollar home sales, underscoring how concentrated the luxury market remains in the state’s major urban centers.
Slower Market, Strong Prices
Statewide, million-dollar homes closed at 93% of their original listing price, and the average price per square foot rose to $423, more than double the statewide residential average of $188.
Inventory in the luxury segment expanded to 8.3 months, while average days on market increased from 68 to 72 days, signaling a cooling pace but continued confidence among high-end buyers.
“High-end homes continue to be a small but mighty segment of the market,” said Jennifer Wauhob, chair of Texas Realtors, in a statement accompanying the release of the 2025 Texas Sales of Million-Dollar Homes Report.
